| ERX latest price $56.0600 (-4.84%) ($55.2600 - $56.5200) on Mon. Mar. 28, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.72% (three month average) |
RSI | 49 |
Latest Price | $56.0600(-4.84%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.2% a day on average for past five trading days. |
Weekly Trend | ERX advances 1.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(68%) XOP(65%) IWD(61%) IFRA(56%) |
Factors Impacting ERX price | ERX will decline at least -1.86% in a week (0% probabilities). VIXM(-25%) UUP(-21%) SHY(-12%) BNDX(-9%) VXX(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.86% (StdDev 3.72%) |
Hourly BBV | -1.2 () |
Intraday Trend | -0.7% |
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